According to the ‘Act for the promotion of technology transfer and commercialization’, technology commercialization is defined as “development, production, and sales of productsor advancement of the related technologies in such processes by utilizing technologies”. Apartfrom the legal definition, in reality, the concepts and definitions are suggested by many scholars in various ways. For example, Jung (2003) suggested a comprehensive concept in which technology commercialization encompasses all the activities including ideas to acquire a monopolistic position in the market.